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U.S. Freight Rates Reach Six Year Low Milestone

Supply Chain Matters

freight rates have reached their lowest levels in nearly six years. In essence, it is confirmation of a freight recession condition. Freight Rates Reach Six Year Low Milestone first appeared on The Ferrari Consulting and Research Group / Supply Chain Management. percentage points below the February value of 54.7,

Freight 52
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U.S. Freight Logistics Industry Recession Continues with Some Hopeful Signs

Supply Chain Matters

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. Freight rate reportedly fell 37 percent. The LMI has now declined 6.7

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U.S. Logistics Manager’s Index Drops to an All Time Low in May

Supply Chain Matters

Noted was that one of the busiest times in freight logistics, the seasonal back-to-school retail stocking period, likely did not materialize. The reported May value of 47.3 compared to the April value of 50.9, and was noted as a “ new all-time low and for the first time in its 6.5-year year history it has moved into contraction territory.”

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Evidence Mounts of Non Peak Holiday Season in Transportation and Logistics

Supply Chain Matters

While 209,000 workers were added in June, 14,000 freight and parcel carriers were cut and 6,900 warehousing and storage jobs were lost. Last week we cited a report by The Wall Street Journal indicating that the CEO of the globe’s largest freight forwarder, Kuehne + Nagel , indicated that “ There’s no peak season to be expected in 2023.”

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Two Indices of Supply Chain Activity Noting Supply Chain Volatility Trending

Supply Chain Matters

The authors point to the delivery time disruptions occurring in China , an increase in air freight costs from the U.S. At this point the overall numbers suggest that the freight market is regressing back towards the mean.”. Readers can dive into the data to ascertain specific increases in volatility components.

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This Week in Logistics News (July 25-29, 2016)

Talking Logistics

Freightos Launches First International Freight Marketplace to Power $2 Trillion Worth of U.S. In other technology news, Freightos announced “the launch of the world’s first online marketplace for international freight, providing instant comparison, booking, and management of freight services from multiple logistics providers.”

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Experts Unfold Top Supply Chain Technology to Watch

Supply Chain Opz

Jim Hoefflin, president and COO of logistics, Kewill Driverless trucks, currently being tested in Germany and Nevada, could be revolutionary to the supply chain and might be the solution to the truck driver shortage that’s poised to have a huge negative impact on the industry. All of your denied party lists are already loaded for screening.